EUR/USD – 30M – BUY

The pair Euro/US Dollar (EUR/USD) jumps from the descending trendline up.

A bullish ascent up to the next resistance at 1.17385 is likely expected.

Caution: A possible change in the direction of the support zone at 1.16546 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.17385 – 1.17849 – 1.17412 – 1.17149 – 1.17184 – 1.17238 —
1.17185 – 1.17010 —
41.614396824951 – 28.61165953469 —
– —
1.17385 – 1777876200

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –